New Zealand Food Prices Gain 0.3% In December

(RTTNews) - Food prices in New Zealand added 0.3 percent on month in December, Statistics New Zealand said on Thursday.

That follows the 0.5 percent decline in November and the flat reading in October.

Grocery food prices fell 0.7 percent on month, influenced by lower prices for most dairy products. Price falls for cheese (down 5.1 percent), fresh milk (down 1.7 percent), and butter (down 10 percent) were offset by higher prices for yogurt (up 14 percent).

On a yearly basis, food prices jumped 1.0 percent after rising 0.6 percent in November and 0.9 percent in October.